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The Latest Breaking News from China

Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – as it happened

Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.

The Guardian - UK

P&G Profits Dip, Says China Recovery Will Take Time

Procter & Gamble reported a decline in profits on slightly lower sales Friday as the company said a recovery in China was still a number of quarters away.

International Business Times

US, Canada Warships Pass Through Taiwan Strait

A US and a Canadian warship have passed through waters separating Taiwan and China, a week after Beijing held large-scale military drills in the sensitive passage.

International Business Times

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Putin hosts a summit in a bid to show the West it can't keep Russia off the global stage

In the coming days, Russian President Vladimir Putin will be shaking hands with multiple world leaders, including those from China, India, Turkey and Iran

The Independent UK

US and Canadian warships transit the Taiwan Strait a week after Beijing’s war games

U.S. and Canadian warships sailed through the disputed Taiwan Strait on Sunday, almost a week after China held massive war games around Taiwan, which Beijing claims as its own territory

The Independent UK

Why a new climate finance goal already has countries fighting

Even though India’s southwest monsoon season is officially over, it left much loss and damage in its wake. The most devastating disaster this season was the landslide in Kerala’s Wayanad which killed over 400. The impact of climate change on India’s weather systems is well recorded. As every season becomes more intense and…

Newslaundry

Asian Markets Fluctuate As Traders Digest China Rate Cut

Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world's number two economy, while gold hit a record high on geopolitical concerns.

International Business Times

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China's Central Bank Cuts Two Key Rates To Boost Economy

China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.

International Business Times

What makes Chinese students so successful by international standards?

There is a belief widely held across the Western world: Chinese students are schooled through rote, passive learning – and an educational system like this can only produce docile workers who lack innovation or creativity.

The Conversation

Explosive Device Damages Chinese Consulate In Myanmar

Explosive device damages Chinese Consulate in Mandalay, Myanmar; no casualties reported. China faces resistance forces challenging military rule.

Top News

The history book that will transform your view of early civilisation

Forget the Silk Roads, it’s the Golden Road we should be celebrating. Renowned historian William Dalrymple argues that, thanks to its major role in global trade between AD300 and 600, it’s India, rather than China, to which we owe some of the most important developments in human civilisation, writes Melanie…

The Independent UK

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The Guardian - UK

Is China cannibalising the EU car industry?

Troubles at VW point to growing doubts about future of Europe-wide sector as imports of cheap EVs rise

The Guardian - AU

Ukraine war briefing: G7 defence ministers pledge ‘unwavering support’ for Ukraine

Mixed reaction to Zelenskyy’s ‘victory plan’; Video purportedly shows North Korean recruits collecting Russian military fatigues. What we know on day 970

TechRadar

'Hundreds' of AMD's fastest CPUs are on sale on eBay with a staggering 70% discount, but why would vendors in China dump these 128-core EPYC processors?

'Hundreds' of AMD's superfast EPYC 9754 processor being sold for a 70% discount by Chinese sellers on eBay

Evening Standard

UK needs ‘more diplomacy’ with China but will always put security first – Lammy

David Lammy said it had been important to ‘restart dialogue’ with China, adding there had not been ‘sufficient contact’ under the last government.

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Autosport

F1 team-mates' qualifying battles: United States GP

After every F1 qualifying session, Autosport publishes each team's qualifying record in terms of team-mate duels.

The Independent UK

GOP lawmakers seek investigation of consulting firm over its work in China

A group of Republican lawmakers is demanding a federal investigation into the U.S. consulting firm McKinsey over its work with the Chinese government and state-owned enterprises

Investors Business Daily

Dow Jones Futures Fall; 5 Stocks In Buy Zones As Tesla Model Y Buzz Builds

The major indexes rose for a sixth straight week as Nvidia leads five stocks in buy zones. Tesla earnings loom amid reports that production will start for an updated Model Y.

Barchart

Stocks Edge Higher as Solid Corporate Earnings Boost Market Optimism

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.40%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.66%. Stocks on Friday settled higher, with the Dow Jones Industrials posting a...

Barchart

Crude Prices Slide as Chinese Energy Demand Weakens

Nov WTI crude oil (CLX24 ) Friday closed down -1.45 (-2.05%), and Nov RBOB gasoline (RBX24 ) closed down -4.48 (-2.19%). Crude and gasoline prices dropped to 2-week lows on Friday and settled moderately lower. Weak crude demand from China weighed on oil prices Friday. Also, crude is under pressure...

Tom’s Hardware

India plans import curbs on PC parts and laptops — an initiative to encourage domestic manufacturing and reduce dependency on countries like China

The Indian government is planning to introduce import restrictions on laptops and computer parts in an attempt to boost local production and reduce reliance on foreign countries.

Latin Times

U.S. Repatriates Deported Chinese Nationals in Second Charter Flight This Year

Authorities claim to have worked in close coordination with the People's Republic of China as efforts to expand removal flights continue.

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